Cable has dipped below 1.62, triggering stops which appear to have been limited and hitting a session low 1.6189.
Sources report good selling coming from Middle East names on this latest move lower.
From here technical support lies at 1.6180 and there are reports of more stops just below there.
There are said to be bids in EUR/USD at 1.3900/20 and this may lend cable some much needed support.
